Nysnø

Nysnø Klimainvesteringer, commonly known as Nysnø Climate Investments, is a state-owned investment company established by the Norwegian government in 2017. Headquartered in Stavanger, its primary mandate is to accelerate the green transition by investing in companies and funds that develop and implement solutions to climate challenges. Nysnø plays a crucial role in Norway's commitment to a sustainable future, aiming to mobilize private capital alongside its own investments to foster innovation in climate technology.

The fund's investment strategy is dual-pronged, encompassing both direct equity investments in unlisted growth companies and investments in specialized venture capital funds. Nysnø focuses on a broad spectrum of climate-related sectors, including renewable energy, energy efficiency, carbon capture and storage, sustainable transport, circular economy solutions, and green industrial processes. They typically act as a co-investor, seeking to partner with other financial and strategic investors to provide capital and support to promising climate ventures.

Nysnø's financial capacity and investment approach reflect its strategic importance. The fund has been capitalized by the Norwegian state, with its total capital reaching approximately NOK 5 billion, equivalent to about USD 460 million. For direct investments in companies, Nysnø typically provides first cheques ranging from NOK 20 million to NOK 200 million, which translates to approximately USD 1.8 million to USD 18 million. These investments are aimed at scaling innovative technologies and business models that can significantly contribute to global greenhouse gas emission reductions and climate adaptation efforts.